Malaysian palm oil price drops to one-week low on slowing demand

In a filing with Bursa Malaysia, IJM said pursuant to the agreement, IPS and the individual shareholder would own 20% and 5% stakes in PT PSS respectively, while KLKPH would own a majority of 75%.

KUALA LUMPUR: Malaysian palm oil futures ended lower on Thursday evening, having slipped to the bottom of their recent trading range, as weakening demand kept the tone bearish.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.3 percent at 2,389 ringgit ($610.22) a tonne at the close of trade.